The UK private sector shrank at the fastest pace since early 2021 on the negative impacts of high costs and a weaker economic outlook, flash survey results from S&P Global and the Chartered Institute of Procurement & Supply showed Friday. The composite output index came in at a 20-month low of 48.4 in September versus 49.6 in the previous month. The score was forecast to ease moderately to 49.0. more...
The manufacturing sector in Australia continued to expand in September, and at a fractionally higher pace, the latest survey from S&P Global revealed on Friday with a Manufacturing PMI score of 53.9. more...
Is the PayPal stock worth buying now after the company announced an unprofitable second quarter (their first since 2014)? The daily price was bounced from support level at 90.37 to above for the bullish trend to be resumed with 99.29 target to re-enter. more...
We’re one day away from the launch of Nvidia’s next-generation GPUs, and a new teaser has successfully raised an eyebrow or two. The company is trying to create a hype train leading up to the launch of its 40-series GPUs by dropping hints on Twitter. Previously it had only released a name — Project Beyond — but its latest teaser includes some numbers. Nobody ...
The Federal Reserve announced its highly anticipated monetary policy decision on Wednesday, raising interest rates by another three-quarters of a percentage point. Citing its dual goals of maximum employment and inflation at a rate of 2 percent over the longer run, the Fed decided to raise its target range for the federal funds rate by 75 basis points to 3 to 3.25 percent. more...
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